Clarendon Private LLC Buys Shares of 4,817 Mondelez International, Inc. (NASDAQ:MDLZ)

Clarendon Private LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,817 shares of the company’s stock, valued at approximately $288,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Czech National Bank raised its stake in Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after purchasing an additional 17,815 shares during the last quarter. Legacy Private Trust Co. raised its position in shares of Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after buying an additional 957 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Mondelez International by 1,904.9% during the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock valued at $31,369,000 after buying an additional 404,567 shares during the period. Kingsview Wealth Management LLC boosted its position in Mondelez International by 14.3% during the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after acquiring an additional 14,278 shares during the last quarter. Finally, Miracle Mile Advisors LLC grew its stake in Mondelez International by 374.9% in the 4th quarter. Miracle Mile Advisors LLC now owns 22,124 shares of the company’s stock worth $1,321,000 after acquiring an additional 17,465 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.8 %

NASDAQ MDLZ opened at $57.42 on Friday. The stock has a market cap of $76.78 billion, a PE ratio of 20.36, a P/E/G ratio of 2.96 and a beta of 0.54. The business has a 50 day moving average price of $60.74 and a two-hundred day moving average price of $66.93. Mondelez International, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same period last year, the business earned $0.82 EPS. The business’s revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.45 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

Mondelez International announced that its board has authorized a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group decreased their price objective on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Citigroup cut their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Redburn Atlantic initiated coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Finally, Bank of America lifted their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.06.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.